0.93/3 Question 5 of 5 III Current Attempt in Progress At December 31, 2022, Grouper Corporation reported the following plant assets $3,783,000 11,532,575 Land Buildings Less: Accumulated depreciation--buildings Equipment Less: Accumulated depreciation equipment Total plant assets $26,570,000 15,037,425 50,440,000 6,305,000 44,135,000 $59.450.575 During 2023, the following selected cash transactions occurred. Apr 1 Purchased land for $2.774.200. May 1 Sold equipment that cost $756,600 when purchased on January 1, 2016. The equipment was sold for $214,370. June 1 Sold land for $2.017.600. The land cost $1.261,000. July 1 Purchased equipment for $1.387.100 Dec 31 Retired equipment that cost $882,700 when purchased on December 31, 2013. No salvage value was received (a ) Your Answer Correct Answer Your answer is partially correct. Journalize the transactions, Grouper uses straight-line depreciation for buildings and equipment. The buildings are estimated inment is estimated to have a 10-year useful life and no salvage value Record justing entries for depreciation for 2023. Onde account omatically indented when amounts entered Dometindent manually Terenurile select a forrheaccount ttles and enter for the amount Date Account Titles and Explanation Credit Dec 3: Denne (To record direction on buildings) Duriate pum Dec 31 Accedit (Yo record direction on ett) are the lost intets section of Prongoristance sheet December 31, 2023 Hent You may wish to set o comuns pott begroting balance and the test 2013 transactions et Porte de und die PRONGHORN CORPORATION Partial BatameSheet Date